Exxon Mobil Corporation $XOM Shares Purchased by Hazlett Burt & Watson Inc.

Key Points

• Hazlett Burt & Watson Inc. has increased its position in Exxon Mobil shares by 10.3%, now owning 38,771 shares worth approximately $4.18 million, making it the fund's 7th largest holding.
• Exxon Mobil's recent earnings showed a revenue of $57.55 billion and earnings per share of $0.65, with analysts projecting 7.43 earnings per share for the current fiscal year.
• Exxon Mobil has a dividend yield of 3.5%, with a recent quarterly dividend payment of $0.99 per share, reflecting a payout ratio of 56.25%.

Hazlett Burt & Watson Inc. boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,771 shares of the oil and gas company's stock after acquiring an additional 3,628 shares during the period. Exxon Mobil accounts for 1.7% of Hazlett Burt & Watson Inc.'s investment portfolio, making the stock its 7th biggest holding. Hazlett Burt & Watson Inc.'s holdings in Exxon Mobil were worth $4,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP acquired a new position in Exxon Mobil during the 1st quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its position in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on XOM shares. Mizuho cut their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.

Exxon Mobil Stock Performance

NYSE XOM opened at $111.76 on Thursday. The stock has a market cap of $476.46 billion, a P/E ratio of 15.87, a PEG ratio of 2.03 and a beta of 0.51. The company's 50-day simple moving average is $111.63 and its 200 day simple moving average is $109.36. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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